Credit Suisse plans digital barrier notes tied to S&P 500, Euro Stoxx

By Marisa Wong

Madison, Wis., Aug. 26 - Credit Suisse AG plans to price 0% digital barrier notes linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to have a maturity of two years.

A knock-in event occurs if either underlying index finishes below the 70% knock-in level.

If a knock-in event does not occur, the payout at maturity will be par plus a fixed percentage of at least 11%.

Otherwise, investors will be fully exposed to losses of the lower-performing index.

The exact deal terms will be set at pricing.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price in August.

The Cusip number is 22547QAD8.

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